LCD Network 2023-02-15 13:39 Published in Guangdong

 

Panel manufacturer Innolux (14) announced that considering the long-term business development in India and emerging markets, it will sign a TFT-LCD technology transfer contract with Indian company Vedanta Group to assist it in establishing the first TFT with mass production capacity in India. -LCD production line.

 

In response to the rapid growth of emerging markets and global deployment strategies, Innolux will cooperate with India's Vedanta Group and its subsidiary Vedanta Displays Limited to assist them in establishing a TFT-LCD display panel front-end production base in India based on the long-term business development considerations in India and emerging markets. The nearest supply service local market demand.

 

In recent years, the Indian government has actively recruited global companies for investment, and at the same time stepped up efforts to support local companies and strengthen the layout of "Made in India". The partner Vedanta Group is one of the companies actively supported by the Indian government in recent years.

 

It is worth noting that Hon Hai (2317-TW) previously established a joint venture company with Vedanta Group to deploy semiconductors and display panels. This time Innolux signed a technology transfer contract with Vedanta, which also added a lot of imagination to the outside world. space.

 

According to analysis by industry insiders, the opportunity for bilateral cooperation may be brought by Hon Hai. Although the global panel supply is still in an oversupply situation, it is not suitable to build new factories. However, as far as the Indian market is concerned, most of the panels at this stage are produced by China and other overseas markets. Imports are not in line with Indian manufacturing, and the demand in the Indian market is generally low-to-medium-end products that use old-generation production lines. The technology transfer of Taiwanese factories should not cause the outflow of high-end technology, and it will help Taiwanese factories to eliminate the old-generation products. Production line equipment.

 

On the 14th, Innolux announced its financial report for the fourth quarter of last year. Due to the impact of the external economic environment and customers' continuous reduction of inventory, panel demand was at a low level, and it lost tens of billions of Taiwan dollars for two consecutive quarters.

 

The total consolidated revenue for the fourth quarter was NT$47.9 billion, net operating loss was NT$12.8 billion, and net loss after tax was NT$12.4 billion. Depreciation and amortization was NT$7.7 billion, and capital expenditure was NT$5.3 billion. In 2022, the total consolidated revenue will be 223.7 billion Taiwan dollars, the operating net loss will be 31.7 billion Taiwan dollars, and the after-tax net loss will be 27.9 billion Taiwan dollars.

 

In the fourth quarter of 2022, the overall shipment area will be 6.4 million square meters, a quarterly increase of 4.8%, and the price of LCD panels will be US$235 per square meter. The revenue of small and medium-sized products was NT$9 billion, a decrease of 17.4% from the previous quarter; the combined shipment area of small and medium-sized products was 673,000 square meters, a decrease of 9.6% from the previous quarter.

 

The overall shipment area in 2022 will be 25.65 million square meters, a decrease of 11.8% compared with the 29.09 million square meters in 2021; in terms of small and medium sizes, the combined shipments in 2022 will total 284 million pieces. Compared with the 331 million units shipped in 2021, it will decrease by 14.2%.

 

Revenue in the fourth quarter is divided by product application, 19% for portable computers, 15% for mobile phones and commercial products, 22% for automotive products, 8% for desktop screens, and 36% for TVs; differentiated by product size , 21% for less than 10 inches, 30% for 10 to 20 inches, 14% for 20 to 30 inches, 6% for 30 to 40 inches, and 29% for more than 40 inches.

 

Although the first quarter is the traditional off-season, the demand side is facing challenges, but under the production strategy of panel makers to control the utilization rate, the inventory has reached a healthy level. Looking forward to the first quarter, shipments of large panels will decrease by 2-5% quarter-on-quarter, and ASP will be flat with the previous quarter; small and medium-sized panels will decrease by 10-14% quarter-on-quarter.

Source: Juheng.com, United News